| SWAP SHOPPER |  | | | | | YOUR SPACE | | | | | | RETRO | | | | | | OUR YOUNG STARS | | |
|
|
|
Experienced landlords reap benefits
AS DEMAND for rented accommodation continues to grow, landlords are able to achieve higher rents and yields, both on their existing rental properties and on additions to their portfolios.
Rents have risen by 2.4 per cent since last month and 5.2 per cent over the past quarter, while yields stand at 6.3 per cent, compared with 6 per cent three and six months ago.
These are the figures from the latest
Buy-to-Let Index by Paragon, one of the UK's largest independent specialist lenders offering buy-to-let mortgages.
John Heron, Paragon's director of mortgages, said: "Large-scale landlords dominate buy-to-let, and they have a very different view of the market from the short-term speculator - some of whom invested without a great deal of thought in new build properties, which they may now be having to sell into a more difficult market.
"Serious landlords take a long-term perspective based on the underlying dynamics of supply and demand."
He added: "The message is clear - experienced landlords continue to regard property investment as a sound business, providing a roof over the heads of those people who, through choice or circumstance, rely on the private rented sector for their accommodation needs."
9:42am Tuesday 22nd April 2008
Print 
Email this 
Comment
What are these links for?
If you liked this article and would like to share it with others on the web who might be searching for good content we've made it easy for you to do it.
At the bottom of all articles, you'll see links to six sites. These sites - commonly called 'social bookmark' or 'social news' sites - have large communities of web users who share and rate interesting, useful and fun things on the web.
Clicking the links will automatically add the address of the story you are reading to one of these sites, letting you share it with others. Each site will ask you to register to share stories. Registration is free and once a member, you can store, recommend and search for stories that interest you.
More on Digg
More on del.icio.us
More on Furl
More on reddit
More on NowPublic/
More on Yahoo!
